- For Sale $1,600,000
- Property Type Multi-Family
- Property Size 3,716 SF
- Units 3
- Lot Size 0.18 Acre
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1901
- Date Updated May 7, 2026
Description
Prime student-housing area two blocks from NC State, adjacent to Pullen Park and walking distance to Downtown Raleigh — high-demand, walkable location that commands consistent leasing from undergrad and graduate populations.This exceptional investment opportunity has a prime location near NCSU and Pullen Park, and promises strong rental demand with long-term value appreciation. This charming property includes 3 units in 2 buildings, perfectly suited for a Student Housing Portfolio investor. Zoned R-10, it presents potential for future redevelopment.
Highlights
- 100% occupancy with continuous rental history
- 123 Park Ave is 2,304 sf with 6 beds and 3.5 baths
- 1306 Flint Pl is 1,412 sf with 3 beds and 2 baths
- 1306 Flint: https://my.matterport.com/show/?m=4LEATFAVioX
- Laundry facilities in both buildings
- Parcel includes 2 structures, set up as 3 units
- Virtual tours - 123 Park: https://my.matterport.com/show/?m=qRFpz2LW3hL&
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Contacts
Ian Niedel
Maverick Partners Realty Services
Location
Located at 123 Park Ave, Raleigh, NC 27605, this property is part of the Cameron Village neighborhood and Raleigh Durham market.
Contact Listing Broker
Ian Niedel
Maverick Partners Realty Services
